Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Paychex's Total Stockholders Equity for the quarter that ended in Feb. 2023 was $3,401 Mil. Paychex's Total Assets for the quarter that ended in Feb. 2023 was $10,604 Mil.
Therefore, Paychex's Equity to Asset Ratio for the quarter that ended in Feb. 2023 was 0.32.
The historical rank and industry rank for Paychex's Equity-to-Asset or its related term are showing as below:
PAYX'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.18 Med: 0.3 Max: 0.87
Current: 0.32
During the past 13 years, the highest Equity to Asset Ratio of Paychex was 0.87. The lowest was 0.18. And the median was 0.30.
PAYX's Equity-to-Asset is ranked worse than 72.79% of 1073
companies
in the Business Services industry
Industry Median: 0.50
vs PAYX: 0.32
Paychex Equity-to-Asset Historical Data
The historical data trend for Paychex's Equity-to-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Paychex Annual Data
Trend
May13
May14
May15
May16
May17
May18
May19
May20
May21
May22
Equity-to-Asset
0.30
0.30
0.33
0.32
0.32
Paychex Quarterly Data
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
Equity-to-Asset
0.32
0.32
0.34
0.35
0.32
Competitive Comparison
For the Staffing & Employment Services subindustry, Paychex's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Paychex Equity-to-Asset Distribution
For the Business Services industry and Industrials sector, Paychex's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Paychex's Equity-to-Asset falls in comparison to its industry or sector. The grey bar indicates the Equity-to-Asset's extreme value range as defined by GuruFocus.
Paychex Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Paychex's Equity to Asset Ratio for the fiscal year that ended in May. 2022 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Paychex (NAS:PAYX) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Paychex Equity-to-Asset Related Terms
Thank you for viewing the detailed overview of Paychex's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.
Create New Portfolio
Portfolio Contest
Personalize
Premium Gurus 
3.05(2.85%) Volume: 2,892,689 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
PAYX has been successfully added to your 
